SBP establishes financial institutions resolution department

MG News | December 20, 2024 at 09:37 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 20, 2024 (MLN): The State Bank of Pakistan (SBP) has established a new department, the Financial Institutions Resolution Department (FIRD).

This department operates under the Banking Policy & Regulations Group and is responsible for resolving issues related to distressed regulated entities in the financial sector.

Additionally, it mentions that Syed Jahangir Shah has been appointed as the Director of FIRD, assuming responsibility for leading the department.

Copyright Mettis Link News

Related News

Pakistan cancels third LNG spot tender

Dongjin Group to set up $15m battery plant in Faisalabad SEZ

Pakistan set to receive LNG cargo from Qatar at Port Qasim

Name	Price/Vol	%Chg/NChg
KSE100	170,506.31 634.15M	-0.36% -609.51
ALLSHR	102,597.99 1,100.83M	-0.03% -32.82
KSE30	51,021.03 79.10M	-0.89% -457.52
KMI30	244,736.28 154.00M	-0.41% -995.51
KMIALLSHR	66,770.85 754.12M	0.18% 120.54
BKTi	46,874.09 27.88M	-0.86% -405.50
OGTi	35,621.25 6.98M	-0.23% -83.69

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	82,225.00	82,725.00 80,585.00	1840.00 2.29%
BRENT CRUDE	104.23	105.99 102.81	2.94 2.90%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-5.00 -4.35%
ROTTERDAM COAL MONTHLY	109.70	110.00 108.15	2.60 2.43%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	98.22	100.37 96.13	2.80 2.93%
SUGAR #11 WORLD	14.95	14.99 14.60	0.26 1.77%